In a few cases, you can postpone or defer including a capital gain or recapture of CCA in calculating income. For example, your rental property might be stolen, destroyed, or expropriated, and you replace it with a similar one.

You can also defer a capital gain or recapture of CCA when you transfer rental property to a corporation or a partnership.

Forms and publications

• Guide T4036, Rental Income
• Form T776, Statement of Real Estate Rentals
• Interpretation Bulletin IT-291R3, Transfer of Property to a Corporation Under Subsection 85(1)
• Interpretation Bulletin IT-378R, Winding-up of a Partnership
• Interpretation Bulletin IT-413R, Election by Members of a Partnership Under Subsection 97(2)
• Information Circular IC76-19R3, Transfer of Property to a Corporation Under Section 85

Related topics

• Line 9947 – Recaptured capital cost allowance
  
• Ownership